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Revenue and Expenditure statement

Revenue and Expenditure Statement, December 2024

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Revenue

All Figures in Libyan Dinar
Description Revenue
Oil revenue 76.7 Billion
Revenue from oil royalties 13.1 Billion
Tax Revenue 2.5 Billion
Customs Revenue 353 Million
Telecom revenue 205 Million
Revenue from fuel sales in local market 152 Million
Revenue from fees imposed on foreign exchange sales 22.5 Billion
Treasury share of Central Bank of Libya profits 7.0 Billion
Other Revenues * 1.0 Billion
Total Revenues 123.51 Billion

* The amount of other revenues represents revenues received from the Financial Services Controllers in the Libyan cities, in exchange for public services (passport fees, car ownership fees, fines, and other fees).

Expenditure

All Figures in Libyan Dinar
Description Expenditure
Chapter One: Salaries 67.6 Billion
Chapter Two: Goods and Services 7.7 Billion
Chapter Three: Development 22.0 Billion
Chapter Four: Subsidies 16.1 Billion
Chapter Five: Emergencies 0.0
National Oil Corporation (Extraordinary financial arrangements) * 6.7 Billion
General Electricity Company (Extraordinary financial arrangements) ** 3.1 Billion
Total Expenditures 123.2 Billion

* This item was executed as a continuation of the extraordinary budget allocated during the year 2023 in favor of the National Oil Corporation, up to October 2024.\ ** This item was executed as a continuation of the extraordinary budget allocated during the year 2023 in favor of the General Electricity Company, up to October 2024.

Spending on sectors and their affiliates From 01/01/2024 to 31/12/2024

All Figures in Libyan Dinar
Sector Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Total spending
House of Representatives74,380,54932,511,730000 106,892,279
(A) House of Representatives affiliates931,650,746249,175,839000 1,180,826,585
The High Council of State38,354,38518,583,330000 56,937,715
Presidential Council 492,705,05638,616,670000 531,321,726
(A) Presidential Council affiliates11,003,24165,750,000000 76,753,241
Council of Ministers 57,171,551101,731,999000 158,903,550
(A) Council of Ministers affiliates1,558,925,4961,146,402,5271,198,14430,000,0000 2,736,526,167
Ministry of Finance and its affiliates29,932,012,227374,256,3661,260,952,18400 31,567,220,777
Ministry of Finance and its affiliates4,204,262,082337,230,000000 4,541,492,082
Ministry of Interior Affairs and its affiliates4,956,008,455902,494,660000 5,858,503,115
Ministry of Justice and its affiliates 1,563,943,946604,025,010000 2,167,968,956
Ministry of Foreign Affairs & International Cooperation and its affiliates2,070,265,381779,102,948520,849,67200 3,370,218,001
Ministry of Oil and Gas and its affiliates1,000,532,0755,120,000000 1,005,652,075
Ministry of Health and its affiliates3,266,408,0391,480,923,94003,871,190,9150 8,618,522,893
Ministry of Education and its affiliates319,811,883139,894,454217,000,00000 676,706,337
Minister of Higher Education and Scientific Research and its affiliates2,650,594,019208,174,035000 2,858,768,054
Ministry of Technical and Vocational Education and its affiliates586,766,89824,666,669000 611,433,567
Ministry of Economy and Trade and its affiliates90,576,06437,305,010000 127,881,073
Ministry of Industry and Minerals and its affiliates34,301,34013,850,000000 48,151,340
Ministry of Transportation and its affiliates244,021,49371,015,010000 315,036,503
Ministry of Social Affairs and its affiliates9,503,179,232121,378,71704,730,827,1050 14,355,385,054
Ministry of Planning and its affiliates20,080,2479,350,000000 29,430,247
Ministry of Local Government and its affiliates2,338,451,730436,708,3300977,500,0000 3,752,660,060
Ministry of Agriculture and Livestock and its affiliates448,805,00153,235,832015,000,0000 517,040,833
Ministry of Marine Resources and its affiliates168,541,10510,816,660000 179,357,765
Ministry of Labor and Rehabilitation and its affiliates35,580,48315,916,659000 51,497,142
Ministry of Housing and Construction and its affiliates83,076,53520,062,500000 103,139,035
Ministry of Tourism and Handicrafts and its affiliates301,171,1108,175,010000 309,346,120
Ministry of Culture and Knowledge Development and its 141,084,13125,941,662000 167,025,793
Ministry of Sports and its affiliates178,269,25368,366,6700384,999,9990 631,635,922
Ministry of Youth and its affiliates18,561,24138,125,0000175,000,0000 231,686,241
Ministry of Civil Service and its affiliates15,571,2915,774,993000 21,346,284
Ministry of Water Resources and its affiliates23,731,53954,497,7810765,999,9970 844,229,317
Ministry of Environment and its affiliates81,858,6017,720,000000 89,578,601
General Authority for Care of Families of Martyrs, Missing & its 14,895,56414,416,6600856,018,0570 885,330,281
General Authority of Awqaf and Islamic Affairs and its affiliates129,223,040148,683,080000 277,906,120
General Authority for Communications and Informatics and its 33,104,6615,100,000000 38,204,661
General Electricity Company and its affiliates066,888,88804,250,000,0000 4,316,888,888
National Oil Corporation (Extraordinary financial arrangements) 2,950,130,2501,837,500,0001,884,716,11300 6,672,346,363
General Electricity Company Extraordinary financial arrangements) 003,104,268,42400 3,104,268,424
Development Projects’ Allocations (Pending)0010,000,000,00000 10,000,000,000
The National Oil Corporation and the General Electricity Company Projects Allocations (Pending)0010,000,000,00000 10,000,000,000
Total spending 70,569,009,9419,579,488,63726,988,984,53716,056,536,0730123,194,019,188